Insider Selling: Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Sells 1,412 Shares of Stock

Zoom Video Communications, Inc. (NASDAQ:ZM) CAO Shane Crehan sold 1,412 shares of Zoom Video Communications stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $78.69, for a total value of $111,110.28. Following the completion of the sale, the chief accounting officer now owns 5,404 shares in the company, valued at approximately $425,240.76. The trade was a 20.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shane Crehan also recently made the following trade(s):

• On Tuesday, December 10th, Shane Crehan sold 1,551 shares of Zoom Video Communications stock. The shares were sold at an average price of $84.94, for a total value of $131,741.94.

Zoom Video Communications Stock Performance

Zoom Video Communications stock opened at $79.20 on Wednesday. The firm has a 50 day moving average price of $83.05 and a 200 day moving average price of $71.39. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The company has a market capitalization of $24.27 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 5.29 and a beta of -0.01.

Institutional Investors Weigh In On Zoom Video Communications

Several institutional investors and hedge funds have recently modified their holdings of ZM. Apella Capital LLC grew its position in Zoom Video Communications by 7.7% in the 4th quarter. Apella Capital LLC now owns 31,358 shares of the company’s stock valued at $2,559,000 after acquiring an additional 2,247 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Zoom Video Communications by 126.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,251,302 shares of the company’s stock valued at $102,119,000 after purchasing an additional 699,625 shares during the period. Accurate Wealth Management LLC grew its holdings in shares of Zoom Video Communications by 33.5% in the fourth quarter. Accurate Wealth Management LLC now owns 28,380 shares of the company’s stock valued at $2,255,000 after purchasing an additional 7,124 shares in the last quarter. Wynn Capital LLC increased its stake in Zoom Video Communications by 2.0% during the 4th quarter. Wynn Capital LLC now owns 10,034 shares of the company’s stock worth $819,000 after buying an additional 200 shares during the period. Finally, Wedmont Private Capital lifted its holdings in Zoom Video Communications by 12.5% during the 4th quarter. Wedmont Private Capital now owns 3,350 shares of the company’s stock worth $266,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ZM shares. Barclays lifted their target price on shares of Zoom Video Communications from $70.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Evercore ISI raised shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $70.00 to $115.00 in a research note on Tuesday, November 26th. Wedbush assumed coverage on shares of Zoom Video Communications in a research note on Thursday, October 17th. They issued an “outperform” rating and a $85.00 target price on the stock. The Goldman Sachs Group upped their price target on Zoom Video Communications from $72.00 to $86.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Finally, Mizuho lifted their price objective on Zoom Video Communications from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.81.

About Zoom Video Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.